3/1-7 Crippa CloseHepburn Springs VIC 3461
Property Details for 3/1-7 Crippa Cl, Hepburn Springs
3/1-7 Crippa Cl, Hepburn Springs is a 2 bedroom, 2 bathroom House with 1 parking spaces.
Last Listing description (March 2021)
This 2 bedroom dual occupancy villa is set within the beautiful European styled grounds of Peppers Mineral Springs Hotel in the heart of Hepburn Springs.
Exclusively leased back to the hotel and showing 7% return with depreciation benefits, this architect designed and quality built villa has been designed for both form and function with contemporary detailing and luxury furnishings.
Being sold as a going concern, the villa is leased exclusively to Peppers commencing 1 March 2014 for 9 years 6 months, currently returning 7% (approx. $43,000) with annual CPI increase. All outgoings paid by hotel
With a common entry foyer, the dual key property is built over 2 levels and can be configured as a 2 bedroom self contained villa or as a private 1 bedroom suite and 1 bedroom apartment
Ground floor: 2 generous bedroom suites both with 2 person spa bath, deluxe ensuite bathrooms
Upper level: expansive living area with wide undercover balcony, full kitchen. Split system, gas pebble fireplace
Contemporary details, furnishings and artworks. Quality equipment, fixtures and fittings throughout
75 mins to Melbourne CBD and 1 hour to Melbourne Airport
Full financial details available on request
Inspection by advance appointment only
Property History for 3/1-7 Crippa Cl, Hepburn Springs, VIC 3461
- 05 Mar 2020Listed for Sale $615,000
- 29 Sep 2014Listed for Sale 495000
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0About Hepburn Springs 3461
The size of Hepburn Springs is approximately 3.1 square kilometres. It has 3 parks covering nearly 45.2% of total area. The population of Hepburn Springs in 2016 was 329 people. By 2021 the population was 368 showing a population growth of 11.8% in the area during that time. The predominant age group in Hepburn Springs is 50-59 years. Households in Hepburn Springs are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Hepburn Springs work in a managers occupation.In 2021, 75.30% of the homes in Hepburn Springs were owner-occupied compared with 68.90% in 2016.
Hepburn Springs has 456 properties. Over the last 5 years, Houses in Hepburn Springs have seen a 21.50% increase in median value, while Units have seen a 43.31% increase. As at 30 November 2025:
- The median value for Houses in Hepburn Springs is $790,562 while the median value for Units is $643,979.
- Houses have a median rent of $563 while Units have a median rent of $333.
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